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Oct 3, 2013
10/13
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a lot of investors concerned about the impasse in congress over the budget and the debt ceiling issue. let's have a look at how it affecting us. yet again, the i have to say we're seeing a bit of a reversal from the gains that we made in september and already we've seen heavy losses of over 300 points just yesterday with having its biggest point fall in more than a month. now another topic here in tokyo is going to be the bank of japan begins its policy board meeting and that's going to be a focus of course. continues concerns about new 0 contaminated water leeks at the fukushima plant may also weigh on sentiments and we'll be tracking utility shares and see how those trade today based on that. >> meanwhile, the dla remains under selling pressure of of the budget woes. the euro jumped. where are we this morning? >> that in fact jumped to an eight-month high following the central bank policy meeting on wednesday where they revealed few concerns about the recent gains. doctor yen, 97.33 to 35. the dollar remains weaker after it showed that fewer workers were added in september. all of t
a lot of investors concerned about the impasse in congress over the budget and the debt ceiling issue. let's have a look at how it affecting us. yet again, the i have to say we're seeing a bit of a reversal from the gains that we made in september and already we've seen heavy losses of over 300 points just yesterday with having its biggest point fall in more than a month. now another topic here in tokyo is going to be the bank of japan begins its policy board meeting and that's going to be a...
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Jan 15, 2013
01/13
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that is are almost simultaneous but talking about the debt ceiling, what? he'll stop participating? given that this is traditionally been a bargaining chip, traditionally been something that the parties negotiate over, i have a hard time he'll be able to maintain a hard line. >> speaker boehner said he would stop participating in talks directly so i mean the threat is out there. real quick, governor, i have to bring you to the markets and this agency, a second agency, fitch, now warning that it could, all of this could affect the credit rating for the united states when folks start looking at what's happening on wall street, when they hear this threat of credit issues or credit rating for this country. being downgraded. does that expedite the talks here or get even talks started? >> well, i think the president did a great job politically putting the republicans on the spot. if they are the ones who cause us to not meet our debt obligations, i think they risk, again, political retribution and losing the house in 2014. but on the other hand, the president and
that is are almost simultaneous but talking about the debt ceiling, what? he'll stop participating? given that this is traditionally been a bargaining chip, traditionally been something that the parties negotiate over, i have a hard time he'll be able to maintain a hard line. >> speaker boehner said he would stop participating in talks directly so i mean the threat is out there. real quick, governor, i have to bring you to the markets and this agency, a second agency, fitch, now warning...
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Jan 8, 2013
01/13
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long as that bill also does away with the debt ceiling. that seems fair, you get rid of one dumb thing and get rid of another. so i should probably now give you my strong, stirring, totally difinitive conclusion, but i'm kind of torn. if obama proposes to mint the coin, then the issue will immediately cease to be the republican's dangerous and irresponsible and really historically unprecedented threats to breach the debt ceiling. and it will instead become obama's threat to mint a trillion dollar coin which will strike many as not a republican-like way out of our problems. there is a big part of me that agrees with barney frank, saying that one way another, finish it forever. the platinum coin just muddies it up. on the other hand, busting through the debt ceiling would be time. it is time to admit that america is a bit of a ludicrous banana
long as that bill also does away with the debt ceiling. that seems fair, you get rid of one dumb thing and get rid of another. so i should probably now give you my strong, stirring, totally difinitive conclusion, but i'm kind of torn. if obama proposes to mint the coin, then the issue will immediately cease to be the republican's dangerous and irresponsible and really historically unprecedented threats to breach the debt ceiling. and it will instead become obama's threat to mint a trillion...
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Jan 9, 2013
01/13
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FOXNEWS
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ceiling issue? farfetched? but maybe the platinum proposal should not be taking people by surprise. >> so the republicans are clearly in a strong position, but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and now even a congressman are suggesting a 1 trillion-dollar platinum coin could be minted and the government could use that to pay the debt, avoid default and preempt the debt ceiling crisis. >> we should have known a coin was obama's solution to everything. it was right there in his slogan. change. [ laughter ] >> bret: so clever. thanks for inviting us into your hom
ceiling issue? farfetched? but maybe the platinum proposal should not be taking people by surprise. >> so the republicans are clearly in a strong position, but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and now even a congressman are suggesting a 1 trillion-dollar platinum coin could be minted and the government could use that to pay the debt, avoid default and preempt the debt...
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Jan 14, 2013
01/13
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ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love, belief, and hope instead of anger. >> calling them out. tough words from former secretary of state general colin powell for his fellow republicans on race. >> there's also a dark vein of intolerance many some parts of the party. >> the end of the longest war and the man president obama has nominated to wind it down coming up. retired general stanley mcchrystal on chuck hagel. the exit strategy from afghanistan and his own career. >>> plus, show stopper. president clinton he should the standing ovation with his surprise appearance on "lincoln" at the golden globes. >> in "lincoln" w
ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love,...
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Oct 13, 2013
10/13
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CSPAN
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, as we move beyond the debt ceiling issue we want to focus on foreign policy. writer us as the senior of foreign policy. thank you for joining us. first question. what i wanted to ask you about egypt. elected democratically president overturn in july. he has been held at an undisclosed location. we heard he will be put on trial in november. given the fact this was almost any other country in the world we would have cut off all of our aid, what are you opposed to what the president decided to do? i know you expressed concerns. can you tell us why. >> you have to look about the total picture. egypt has been a strategically important country to the united states for 30 or 40 years. thet of the fulcrum of policy stance with having a good relationship military to military with egypt's military and our military. think that when a government or a country with which you are allied does something that you do not like, i think there are different ways of reacting than simply saying we're going to punish you or cut this off or that off. we have very close military to mili
, as we move beyond the debt ceiling issue we want to focus on foreign policy. writer us as the senior of foreign policy. thank you for joining us. first question. what i wanted to ask you about egypt. elected democratically president overturn in july. he has been held at an undisclosed location. we heard he will be put on trial in november. given the fact this was almost any other country in the world we would have cut off all of our aid, what are you opposed to what the president decided to...
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Oct 11, 2013
10/13
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resolution, and the debt ceiling issue. what are we hearing about what senate democrats would accept? >> reporter: well, martha it is pretty clear that senate majority leader harry reid is going to insist on the government being reopened. honestly talking with a lot of senate republicans they would like that as well. they feel like leaving the government closed for another six weeks may not be a wise decision by republicans. so, we will see if that happens. but after the white house meeting late yesterday, here's senator reid's thoughts on where things should go from here. >> the government should be opened, now. we should be able to pay our debts and we said and we'll continue to say, we, if that happens, we'll negotiate on anything, anything, and the president confirmed that today. >> reporter: of course while the house gop offer yesterday to raise the debt ceiling for six weeks got a lot of attention there is also talks going on in the senate. senator susan collins, republican from maine, has some ideas about moving forw
resolution, and the debt ceiling issue. what are we hearing about what senate democrats would accept? >> reporter: well, martha it is pretty clear that senate majority leader harry reid is going to insist on the government being reopened. honestly talking with a lot of senate republicans they would like that as well. they feel like leaving the government closed for another six weeks may not be a wise decision by republicans. so, we will see if that happens. but after the white house...
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Jan 10, 2013
01/13
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CURRENT
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if they want to spend time blocking hagel that's time they lose as far as the debt ceiling gun control or immigration. it's smart by the white house to draw the republicans in, and while the republicans are focusing on one issue it's like whack a mole you address something else. >> john: what are the odds they do anything about climate change? >> we haven't seen--again maybe we'll see a different approach in the second term, but having said that there is nothing from obama's past that shows he wants to go out and do these controversial things. carbon tax anything dealing with the environment, climate change, i would be surprised. if he's going to cause the freak out with the executive order of gun control, that takes up so much oxygen, and you can only have so many of those freaks outs, and he can't do it seven or eight times. >> john: i think america has seen enough g.o.p. freak outs. >> they want to do something about climate change, but it's only when the economy is humming well when we ask companies to cut down on emissions. but right now there is no room to maneuver on this at all
if they want to spend time blocking hagel that's time they lose as far as the debt ceiling gun control or immigration. it's smart by the white house to draw the republicans in, and while the republicans are focusing on one issue it's like whack a mole you address something else. >> john: what are the odds they do anything about climate change? >> we haven't seen--again maybe we'll see a different approach in the second term, but having said that there is nothing from obama's past...
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Oct 5, 2013
10/13
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ALJAZAM
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but much, much more important is the debt ceiling issue, because if we don't manage to fix the debt ceiling issue, and the bond rating of the united states gets cut, it will automatically result in higher interest rates that the united states government will have to pay on the debt, and the debt is really, really large. it will create an additional budget crisis besides the one we have now. into -- >> walk us through this. if 17 october comes and the debt limit is not raised what will happen? what will americans see? >> the deadline is a bit flexible. the us government will have a way to pay the upcoming bonds that need to be paid so that the government doesn't default, the united states doesn't default. maybe it will find a way to pay everyone else, with some delay. so there is a bit of flexibility around the specific date. sooner or later, maybe it's not october 17th, maybe it's november 1st, there'll have to be a solution in which the congress will have to authorise the department of the treasury to have a higher amount of debt, to incur a higher amount of debt. otherwise the u.s. will d
but much, much more important is the debt ceiling issue, because if we don't manage to fix the debt ceiling issue, and the bond rating of the united states gets cut, it will automatically result in higher interest rates that the united states government will have to pay on the debt, and the debt is really, really large. it will create an additional budget crisis besides the one we have now. into -- >> walk us through this. if 17 october comes and the debt limit is not raised what will...
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Jan 14, 2013
01/13
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okay, charles, start with the debt ceiling talk. what you heard from the president. >> the tone was remarkable. he talk about the republicans being suspicious of the social security and medicare by the oldest saw that you could hear. then he added making sure empovrished children get food. that's over the top. he said i love to hang out with a congressional picnic at these people who want to starve america's chirp. interesting ini havation. then he went over and over on the debt ceiling and he must have gone through the same idea 15 times. saying this is about honoring the obligation and paying the bills we have already incured. he raised the debt ceiling on how to depend on the ongoing financial assistance from the foreign country to finance the reckless, fiscal pollty. the point of raising the debt ceiling is to allow to us borrow. he talked about the debt ceiling a dozen times. not once did he use the word "borrow." that means we are going to continue to borrow for every dollar the government spend, only 60 cents of it come from
okay, charles, start with the debt ceiling talk. what you heard from the president. >> the tone was remarkable. he talk about the republicans being suspicious of the social security and medicare by the oldest saw that you could hear. then he added making sure empovrished children get food. that's over the top. he said i love to hang out with a congressional picnic at these people who want to starve america's chirp. interesting ini havation. then he went over and over on the debt ceiling...
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Oct 2, 2013
10/13
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ceiling issue. yesterday lew sent a letter to skron boehner warning about the nation's borrowing cap. he wrote in part, as of today, treasury has begun using the final extraordinary measures. there are no other legal and prupt options prudent options to extend the authority. treasury department stands by their estimate that the debt limit must be raised before october 17 or the united states might not be able to honor its financial obligations. now, as if all this weren't enough, the health care exchanges opened up yesterday and there were plenty of hiccups on day one. the biggest problem was computer glitches as millions tried to enroll or look up insurance information on health care.gov. it froze on applications throughout the entire day and states running their own marketplaces also had problems. maryland's exchange was down all morning delaying enrollment by four hours. the rough start left many feeling frustrated. >> not a good beginning. it's one of the first times i really reached out to what
ceiling issue. yesterday lew sent a letter to skron boehner warning about the nation's borrowing cap. he wrote in part, as of today, treasury has begun using the final extraordinary measures. there are no other legal and prupt options prudent options to extend the authority. treasury department stands by their estimate that the debt limit must be raised before october 17 or the united states might not be able to honor its financial obligations. now, as if all this weren't enough, the health...
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Oct 2, 2013
10/13
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if debt ceiling issue is serious. america should not dine and dash. we have to get our debt and entitlement rournld control. the american people does not eat our spending meal and run out the door -- >> that assumes that -- when we are -- up against the wall like average americans do, you -- reprioritize our finances. like we may pay the mortgage or rent first when we are up against the wall. the government would pay the bond holders first to a void default. that would be -- heinous if they didn't. the president might be making a scarier deal out of this and -- unnecessarily. >> even under your scenario if they partially, you know, couldn't pay their bills and sequence the most important one first, that could last for a while. >> it is not pleasant. not pretty. >> i notion that the united states of america can't pay all of its bills or won't or so dysfunctional it can't sends a pretty shocking signal to the markets. >> do you think that the republicans then are really risking their political capital doing? >> they feel very strongly about the issues t
if debt ceiling issue is serious. america should not dine and dash. we have to get our debt and entitlement rournld control. the american people does not eat our spending meal and run out the door -- >> that assumes that -- when we are -- up against the wall like average americans do, you -- reprioritize our finances. like we may pay the mortgage or rent first when we are up against the wall. the government would pay the bond holders first to a void default. that would be -- heinous if...
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Jan 5, 2013
01/13
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CNNW
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you have the federal deficit, spending cuts, debt ceiling. if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and democrats are always going to have differences on issues. but things of this nature that could cause economic catastrophe, those sorts of things, we should be able to work a lot easier on and that's why i'm up here. i want to work with my republican colleagues. i've reached out to all of my republican colleagues in the north texas area to let them know i want to work with them and i will continue to reach across the aisle, all across the congress working with republicans because i know that it is very important that we do a better job of working together. >> i
you have the federal deficit, spending cuts, debt ceiling. if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and...
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Jan 11, 2013
01/13
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taking place, whether it's debt ceiling, whether it's government spending and things like that. are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an obligation to do that. find ways to spend smarter. that's what i stood for in the state legislature, drill down into budgets, find ways to more effectively deliver for people. so that is absolutely what i'm committed to doing. you know, in my position, in addition to working on the task force on gun violence in the house, i'm also on transportation and infrastructure. and science. and those are two great persons to look for how we lay the foundation for economic growth, for jobs in our communities. and that is going to have to be key part of this battle. >> okay. elizabeth esty, democrat from connecticut
taking place, whether it's debt ceiling, whether it's government spending and things like that. are you willing to see cuts in government spending? are you willing to see reforms in medicare and social security that deal with parts of this debt problem the country has? >> well, i'll tell you. i've always been an advocate for responsible spending. i think government needs to be delivering services for people in a cost effective way. and now we have not only an opportunity, but an...
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Jan 7, 2013
01/13
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ceiling issue is going to be a problem, we're not going to pay our bills and we're going to potentially have more damage to our credit rating? no. that's not my point. absurd that any republican or anybody united states absolutely right. off of the a, how we create the millions of jobs that this country desperately needs. by the way, thomas, when you create jobs and create taxpayers and people are contributing revenue, then your deficit is going to go down. deal is fair. the backs of people who hurting. doesn't pay a nickel in federal income taxes. that's wrong. >> independent senator bernie sanders from vermont. sir, as always, great to have you on. thank you for your time. >> thank you. >>> apology not accepted. the log cabin republicans taking out this full page ad "new york times" in the last month. also an ad in the "washington post." opposing a potential chuck hagel nomination as defense secretary. why they still say he's wrong on gay rights. >>> happening right now, a preliminary hearing for james holmes, the suspect in the aurora theater shooting. we're going to take you there,
ceiling issue is going to be a problem, we're not going to pay our bills and we're going to potentially have more damage to our credit rating? no. that's not my point. absurd that any republican or anybody united states absolutely right. off of the a, how we create the millions of jobs that this country desperately needs. by the way, thomas, when you create jobs and create taxpayers and people are contributing revenue, then your deficit is going to go down. deal is fair. the backs of people who...
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Oct 4, 2013
10/13
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MSNBC
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but long term on this debt ceiling issue, we need some structural changes in our mandatory spending to get us to a better place in terms of future generations and the burden of debt that we're placing on them. >> when we speak about where we are with the budget situation and the shutdown in and of itself, those were agreed upon numbers. that sequestration level numbers. so aren't we -- haven't both sides already agreed on where we need to be for the budget, and now we then need to move past that to get to the debt ceiling issue, but this hurdle of getting over the budget is just the sticking pin being obama care? >> well, there are policy issues that need to be ironed out. we are where we are, and i don't think either side is going to totally abandon their position. i can just say from a republican standpoint we're not going to come away from this series of negotiations with nothing. and we don't expect the democrats to either. there needs to be give and take. and there are issues involving obama care where there is widespread agreement among the american people and also among republic
but long term on this debt ceiling issue, we need some structural changes in our mandatory spending to get us to a better place in terms of future generations and the burden of debt that we're placing on them. >> when we speak about where we are with the budget situation and the shutdown in and of itself, those were agreed upon numbers. that sequestration level numbers. so aren't we -- haven't both sides already agreed on where we need to be for the budget, and now we then need to move...
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Oct 16, 2013
10/13
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but now we have the debt ceiling issue there and the prospect or the potential for a default may be that changing the situation anticipate tests the holders of treasury's nerves. we watch this carefully but no immediate reaction really in the fixed income markets. i want to move you on. there is another story that, again, people are watching closely in these markets and that's whether the treasury is able to prioritize its payments and just make sure bond holders get their coupons paid. perhaps ahead of social security payments or to government workers. there is an argument going on, jack lew at the treasury says, yes, we can prioritize to a certain extent. moody's says i'm not sure if your system will work effecti effectively to do that that's the current state taking place over what payments could be maid if this goes over the cliff. >> secures the credit if you pay the bonds but political ily it's tough if you don't send out the social security checks so it's a real tricky balance. i just noticed the stock futures are positive. either the global market reaction, what was it overheight
but now we have the debt ceiling issue there and the prospect or the potential for a default may be that changing the situation anticipate tests the holders of treasury's nerves. we watch this carefully but no immediate reaction really in the fixed income markets. i want to move you on. there is another story that, again, people are watching closely in these markets and that's whether the treasury is able to prioritize its payments and just make sure bond holders get their coupons paid. perhaps...
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Jan 24, 2013
01/13
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MSNBC
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the bill represents a huge deescalation on the debt ceiling issue. it hands the president his second major win in a month. and it shows that republicans are in full on retreat on fiscal policy. >> meanwhile, speaker boehner offering his interpretation of president obama's inauguration speech and what he sees as the president's two agenda for the second term. >> we're expecting over the next 22 months to be the focus of this administration as they attempt to annihilate the republican party. and let me just tell you, i do believe that is their goal. to just shove us into the dust bin of history. >> the pentagon today is set to announce a major policy shift involving women in the military. women will now be allowed to serve in full combat roles. that could potentially include elite commando units and positions directly in the line of fire. nbc chief pentagon correspondent has more on the ground breaking announcement. >> reporter: for the past ten years, u.s. military women have served at the front lines in both iraq and afghanistan. but never allowed in
the bill represents a huge deescalation on the debt ceiling issue. it hands the president his second major win in a month. and it shows that republicans are in full on retreat on fiscal policy. >> meanwhile, speaker boehner offering his interpretation of president obama's inauguration speech and what he sees as the president's two agenda for the second term. >> we're expecting over the next 22 months to be the focus of this administration as they attempt to annihilate the republican...
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Jan 20, 2013
01/13
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FOXNEWS
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lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in a broader policy way. our health care reform cannot waste, must not wait and will not wait another year. >> passing health care legislation early on was high on the president's to-do list. he picked kansas governor to head up health and human services, to get health care legislation done he largely passed control over to congress to put the bill together and to figure out how to get it through. it became a messy process about 2
lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in...
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Sep 18, 2013
09/13
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CNNW
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the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt. so here's where we are, and i think this is the bottom line and i want to make sure everybody is clear here. i have presented a budget that deals with -- continues to deal with our deficit effectively. i am prepared to work with democrats and republicans to deal with our long-term entitlement issues. and i am prepared to look at priorities that the republicans think we should be promoting and priority that's they think we shouldn't be promoting. so i'm happy to negotiate with them around the budget, just as i've done in the past. what i will not do is create a habit, a pattern, whereby the full faith and credit of the united states ends up being a bargaining chip to set policy. it's irresponsible. the last time we did this in 2011 we had negative growth at a time when the reoverwas just trying to take off. and it would fundamentally change how american government functions. and if you doubt that, just flip the script
the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt. so here's where we are, and i think this is the bottom line and i want to make sure everybody is clear here. i have presented a budget that deals with -- continues to deal with our deficit effectively. i am prepared to work with democrats and republicans to deal with our long-term entitlement issues. and i am prepared to look...
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May 16, 2013
05/13
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ceiling and some good news, actually on the debt reduction this week. what is he talking about. irs, syria, which as you both, you and kelly point out, extremely difficult international issue and ap. phone records being received. i thought it was interesting that the president before turning it over to the prime minister, made sure to give a very full-throated endorsement of eric holder, he's an outstanding attorney general, i expect he will continue to be so. on the irs, in the argument from the beginning for the obama administration, the president found out about this on when news broke of it friday. the larger question here is this -- is something that falls within the federal government, this is if he is the buck-stopper, if he is the decider, obviously george bush terminology, but if he's the guy that's the face of the federal government, should he, can he and even if he didn't know, does he still bear responsibility? his argument is i do bear responsibility. that's why we're taking the actions we're taking. i think we're too soon after the event o
ceiling and some good news, actually on the debt reduction this week. what is he talking about. irs, syria, which as you both, you and kelly point out, extremely difficult international issue and ap. phone records being received. i thought it was interesting that the president before turning it over to the prime minister, made sure to give a very full-throated endorsement of eric holder, he's an outstanding attorney general, i expect he will continue to be so. on the irs, in the argument from...
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Jan 9, 2013
01/13
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the final point here, heather, there's a lot of tough talk about the continuing resolutise the debt ceiling. those are issues that will hurt the business community, the defense industry, which they are loathed to antagonize. the contention that somehow republicans are going to sit this one out and not be hurt is wildly misguided, at best. >> it's absolutely -- i think right now we can see that all of the weakness in the economy is the responsibility of the republican party, right? i'm just going to say it, right? there are so many things we could have been doing to rebound this economy, put americans directly back to work, the american jobs act, uncertainty on the investment side, but really the bread and butter of people getting to work, money going into communities is not happening because of the republican party. when we look back in history, that's the big tragic moment in history. >> the banner of blame, i salute you, my friend. >>> coming up, a former fed official likens aig's suit against the government to a patient suing their doctor for saving their life. we will examine said patie
the final point here, heather, there's a lot of tough talk about the continuing resolutise the debt ceiling. those are issues that will hurt the business community, the defense industry, which they are loathed to antagonize. the contention that somehow republicans are going to sit this one out and not be hurt is wildly misguided, at best. >> it's absolutely -- i think right now we can see that all of the weakness in the economy is the responsibility of the republican party, right? i'm...
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Oct 13, 2013
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to have a trillion dollar debt ceiling increase and not look at the mandatory issues that we know are driving our country into the ground the way they are. there should be some framework 60, 90 days. the house has looked at six weeks. something but said that is too short. doing something for the short term to get government up and the threat of the deck saloon behind us, doing something over the -- the threat of the debt ceiling behind us, doing -- what theer the senator from louisiana was alluding to. the fact is we have not. a big part of it we have been on the wrong subject for a long time. finally on the right one. let's come to a place where we can now focus on the things we should have been focusing on all along. i think and i do not inc. anybody has been doing this, the less we can do -- this is a needt where we really do to resolve this issue. shotsnot a moment to take at each other. there's a moment where we all know where we stand in the past and we have been bound. it has been in the wrong direct ship. -- in the wrong direction. let's let the leaders work it out and i hope
to have a trillion dollar debt ceiling increase and not look at the mandatory issues that we know are driving our country into the ground the way they are. there should be some framework 60, 90 days. the house has looked at six weeks. something but said that is too short. doing something for the short term to get government up and the threat of the deck saloon behind us, doing something over the -- the threat of the debt ceiling behind us, doing -- what theer the senator from louisiana was...
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Dec 13, 2013
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ceiling to prioritize debt payments? >> the issue of whether or not that decision is made is fundamentally a presidential decision. >> have you as treasury secretary, your department, requested from the office of legal counsel? >> it would fundamentally be a question between the white house and the justice department. >> ok, let me point you to the fact that a huffington post article from last week says the obama administration took the platinum coin option more seriously than a lead on. this idea that you have a $1 trillion coin minted and deposited at the fed and draw upon that, it is according to the huffington post, the administration did ask the office of legal counsel for this absurd idea to actually be judged whether or not it is legal. at the same time, you will not say that you have asked whether or not you can prioritize payments. that is deeply concerning. >> i am prepared to discuss the policy on both of those issues. i don't disagree with you that the platinum coin is not an option. >> at me ask one final qu
ceiling to prioritize debt payments? >> the issue of whether or not that decision is made is fundamentally a presidential decision. >> have you as treasury secretary, your department, requested from the office of legal counsel? >> it would fundamentally be a question between the white house and the justice department. >> ok, let me point you to the fact that a huffington post article from last week says the obama administration took the platinum coin option more...
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Jan 8, 2013
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long as that bill also does away with the debt ceiling. that seems fair, you get rid of one dumb thing and get rid of another. so i should probably now give you my strong, stirring, totally difinitive conclusion, but i'm kind of torn. if obama proposes to mint the coin, then the issue will immediately cease to be the republican's dangerous and irresponsible and really historically unprecedented threats to breach the debt ceiling. and it will instead become obama's threat to mint a trillion dollar coin which will strike many as not a
long as that bill also does away with the debt ceiling. that seems fair, you get rid of one dumb thing and get rid of another. so i should probably now give you my strong, stirring, totally difinitive conclusion, but i'm kind of torn. if obama proposes to mint the coin, then the issue will immediately cease to be the republican's dangerous and irresponsible and really historically unprecedented threats to breach the debt ceiling. and it will instead become obama's threat to mint a trillion...
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meantime issues like the debt ceiling and gun control are he shall issues they say they may act unilaterally on. where does that leave the american people? >> i think those critics who say that about president obama's strategy they are probably right. president obama has a strong hand he has a better hand in washington than republicans do. the problem with things like gun control; in the senate even modern democrats join with republicans. if he tries to do something unilateral with debt ceiling or with guns the fight we are seeing right now and the fights we have seen in the last four years they will pail in comparison to just how locked down the whole city becomes over something like that. it would be such an incredibly melcose stand for the president to take especially on something like guns. probably less so in the debt ceiling. another thing that is shocking it senate majority leader reed and those in the senate acting unilaterally. when the last time you heard a chamber of commerce saying take the power away from us. he lost his power. >> nancy pelosi has been saying that on a number of
meantime issues like the debt ceiling and gun control are he shall issues they say they may act unilaterally on. where does that leave the american people? >> i think those critics who say that about president obama's strategy they are probably right. president obama has a strong hand he has a better hand in washington than republicans do. the problem with things like gun control; in the senate even modern democrats join with republicans. if he tries to do something unilateral with debt...
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Jan 12, 2013
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first the fiscal cliff, the debt ceiling, the sequester coming up and no long-term planning on issues that really affect the american public. >> jamie: julie, that's not my question. with all due respect. i understand that you feel the republicans are standing in the way of what the president wants on some things, but what specifically is his jobs plan? you must know. >> of course, i can tell you the jobs plan he introduced last year and happy to introduce it tomorrow if the republicans said they'd vote on. infrastructure investment and in our states, hire more firemen police and teachers, give tax breaks to companies in order to encourage them to hiring. and tax breaks to americans, to american companies to bring jobs. >> jamie: you're not-- julie, what you're not mentioning is-- >> angela, some of those things sound like they might be helpful. >> yeah, some of those things could be helpful, but the president did have a jobs plan that before the senate and some democrats voted it down. the bottom line, is this, julie, the president has a bully pulpit and doesn't want to talk about hi
first the fiscal cliff, the debt ceiling, the sequester coming up and no long-term planning on issues that really affect the american public. >> jamie: julie, that's not my question. with all due respect. i understand that you feel the republicans are standing in the way of what the president wants on some things, but what specifically is his jobs plan? you must know. >> of course, i can tell you the jobs plan he introduced last year and happy to introduce it tomorrow if the...
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Jan 9, 2013
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budget issues, debt ceiling issues, the issues coming up in the short term here. jon: but he would also like to see a democratic majority in the house for the last two years of his term defying the odds on something like that? >> correct. so there are some political strategists around washington think that really the goal here is to isolate the republican majority in the house and hopefully get a democratic majority for the last two years of the obama term. that may be a long term goal. he is a democrat obviously. jon: is that so say politics is more important than progress in the country? >> that is the crazy part. you know we don't talk about it. president's ratings are pretty good right now. congress's ratings are in the toilet but the thing is, that the american people do want people who govern, people who will do something in washington, especially when it comes to the economy. it is time to get something done. i think that is the overwhelming results we see see in poll numbers, yet both sides are positioning if they're involved in political campaigning. jon:
budget issues, debt ceiling issues, the issues coming up in the short term here. jon: but he would also like to see a democratic majority in the house for the last two years of his term defying the odds on something like that? >> correct. so there are some political strategists around washington think that really the goal here is to isolate the republican majority in the house and hopefully get a democratic majority for the last two years of the obama term. that may be a long term goal....
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Sep 22, 2013
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is there not enough bandwidth for congress to handle the debt ceiling and all of these fiscal issues and immigration? >> and economic issues. we want to see energy development. we want to get more regulations put in check. you have seen so many regulatory policies killing jobs. we have a job that says if a bureaucrat comes up with a regulation should and they go through the legislative process? should congress have to improve it -- approve it? immigration is one of the many issues that we will confront. there are a lot of big issues. i am sure at some point we will get to it. we have good bills that have come out of a number of our committees from some of our leaders that have really worked hard to tackle the problems not just to say they want to handle some big massive bill but actually go peas by piece and adjust these problems and get it done. >> does not sound like immigration reform will become law. is that the right perception? >> there's no consensus between the house and senate. i think it follows the failed history of the 1986 law. they had some real serious problems. they d
is there not enough bandwidth for congress to handle the debt ceiling and all of these fiscal issues and immigration? >> and economic issues. we want to see energy development. we want to get more regulations put in check. you have seen so many regulatory policies killing jobs. we have a job that says if a bureaucrat comes up with a regulation should and they go through the legislative process? should congress have to improve it -- approve it? immigration is one of the many issues that we...
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and then, of course, there is a debt ceiling vote. now you hear a lot of republicans making noises about backing down from the debt ceiling fight. it is interesting by the way, i know we're not here to talk about that. it is interesting how the conventional wisdom has shifted on that. >> jennifer: quickly too. >> so quickly. just another sign of the shifting sands. it all hinges on how public opinion turns. and you know, is the president going to go out on the stump? is he going to go out and barnstorm the country for his proposals? how much political capital is he going to put into it? if he really builds up public support for the proposals and public support grows and if they feel pressure, he'll bring a vote. >> >> jennifer: just to take you back to that -- not the fiscal cliff, the debt ceiling issue that the republicans do seem to be going soft on, i do think one of the reasons why they went so soft is because major traditionally republican lobbying groups were advocating like the chamber of commerce came out strongly saying this
and then, of course, there is a debt ceiling vote. now you hear a lot of republicans making noises about backing down from the debt ceiling fight. it is interesting by the way, i know we're not here to talk about that. it is interesting how the conventional wisdom has shifted on that. >> jennifer: quickly too. >> so quickly. just another sign of the shifting sands. it all hinges on how public opinion turns. and you know, is the president going to go out on the stump? is he going to...
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Jan 6, 2013
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said it was a debt loser for the republicans to choose this as an issue. i'm saying the president should not have one of these last-minute showdowns over the debt ceiling, but we should speak in honest and i think complete terms about dealing with this deficit. it truly is a challenge we haven't faced as much as we should. >> so taking the president out of it, do you think that you could agree to spending cuts, provided you were amenable to whatever the cuts were, in order to get the debt ceiling raised? >> i can tell you that sounds like a bargain, and it sounds like a deadline that i don't want to see. what i'd rather see is a bipartisan approach starting soon, as soon as we return, between democrats, republicans and the house and the senate, talking about where we go, for example in, tax reform. there's money to be saved in tax reform. there's money to be saved in other areas. debby stab gnaw head of the senate ag committee found a way to save $23 billion in spending we don't need in the farm program and reduce the deficit. why don't the house take that
said it was a debt loser for the republicans to choose this as an issue. i'm saying the president should not have one of these last-minute showdowns over the debt ceiling, but we should speak in honest and i think complete terms about dealing with this deficit. it truly is a challenge we haven't faced as much as we should. >> so taking the president out of it, do you think that you could agree to spending cuts, provided you were amenable to whatever the cuts were, in order to get the debt...
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ceiling, these other issues. they're trying to back away now and blame this on the president. i don't think it's going to work. >> and basically with john boehner saying they are not on board with anything the president has to do agenda wise. a minimum wage hike is basically d.o.a. >> that's probably right. i just don't think that a hike in the minimum wage will pass, you know, the house of representatives today. but at the end of the day, the president was right. they deserve a vote. working families around this country deserve a vote. and if you vote against the minimum wage, you ought to be able to go back home and defend it before your constituents. >> great to see you this morning, thanks for joining me. >> thanks for having me. >> absolutely. >>> coming up next, he was the first double amputee to run in the olympics, but the man known as the blade runner is a suspect in a murder. >>> and it's a new segment we kicked off this week. today's pick comes from the spirit of valentine's day, why it's a good reason
ceiling, these other issues. they're trying to back away now and blame this on the president. i don't think it's going to work. >> and basically with john boehner saying they are not on board with anything the president has to do agenda wise. a minimum wage hike is basically d.o.a. >> that's probably right. i just don't think that a hike in the minimum wage will pass, you know, the house of representatives today. but at the end of the day, the president was right. they deserve a...
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problem, particularly the debt ceiling, then so be it. >> so no feelings hurt. how does all this disarray in washington make the u.s. look to asia? >> well, i think the optics are important. if you see the united states sort of involved looking inward, trying to sort out a lot of its pick problems and then you see this political chaos, if you will that's going on, then there is this question, is the united states as engaged in east asia as they should be. now, of course, on the background, what's going on now, you have the chinese president doing a tour of southeast asia, and he's been addressing the indonesian parliament. he's been talking to his counter parts in key southeast asian countries, and he's been bringing up proposals, making proposals that are attracting a lot of attention, particularly for example, he's recently made a proposal about a supporting an asian infrastructure development bank. it is an important issue for southeast asian countries trying to deepen their integration. infrastructure is an important part of that. if the chinese say we'll su
problem, particularly the debt ceiling, then so be it. >> so no feelings hurt. how does all this disarray in washington make the u.s. look to asia? >> well, i think the optics are important. if you see the united states sort of involved looking inward, trying to sort out a lot of its pick problems and then you see this political chaos, if you will that's going on, then there is this question, is the united states as engaged in east asia as they should be. now, of course, on the...
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, sequestration. -- fiscal fights, debt ceiling, sequestration. obama wants to do energy reform. that is a thorny issue on capitol hill. the partisan fights we have seen have defined congress for the past few years. this it is not a congress that walks and shoes gone well at the same time. -- and chews gum well at the same time. >> the average person juggles lots of different things every day. making sure the kids are paying their homework. -- doing their homework. paying the bills. they have no choice but to walk, chew gum, and juggle lots of things at the same time. congress is no different. members of congress are family people as well. if they can handle it family, they should be able to do the work in congress. it is time to fix a broken immigration system. the president is ready. we should not face obstacles that are man-made. manufacturing these crises, fiscal crises every few months does not just create this political backlog. it is not just create animosity among the public. it also creates the inability for the economy to really take off
, sequestration. -- fiscal fights, debt ceiling, sequestration. obama wants to do energy reform. that is a thorny issue on capitol hill. the partisan fights we have seen have defined congress for the past few years. this it is not a congress that walks and shoes gone well at the same time. -- and chews gum well at the same time. >> the average person juggles lots of different things every day. making sure the kids are paying their homework. -- doing their homework. paying the bills. they...
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since the debt ceiling passed 16 months ago. the day after it passed we got a downgrade from s&p . the super committee that chris voted for fell apart like we thought it would . the only scheduled cuts to take place. we suspended them in the fiscal cliff deal. we have yet to cut one dime and now it is time to do it again. stow this is, we have to stop the madness. this is the 18 year old kid on a credit card and instead of cut tupping and putting them on a budget, barak obama said give us another one and harry reid you have to - on >> john: would you support the debt ceiling. >> i don't support not dealing with the program. this whole, the way this town works and the fiscal cliff deal, the only winners were washington, they got more money and the folk necessary ohio lost rev snaul business owners had money taken from them. politicians in washington win. 10 or 7 of the 10 wealthiest counties are in the dc area . mr. van hollen res one of those areas it is about time to say stop the madness and cut up the credit card and we want a solution. >> guest: a couple of points. sequester was
since the debt ceiling passed 16 months ago. the day after it passed we got a downgrade from s&p . the super committee that chris voted for fell apart like we thought it would . the only scheduled cuts to take place. we suspended them in the fiscal cliff deal. we have yet to cut one dime and now it is time to do it again. stow this is, we have to stop the madness. this is the 18 year old kid on a credit card and instead of cut tupping and putting them on a budget, barak obama said give us...
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Jan 18, 2013
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of the debt ceiling and they have to not play around with the debt ceiling powell is a sophisticated player. i don't think he does anything without thinking it through quite well. that's why i said what i said i want to make sure we have your allegations on the record. i don't want to put words in your mouth. >> it's a supposition. >> bill: you say that you think that collin powell was asked by someone to go out and defend chuck hagel's nomination. and at the same time, raise the spector that some people are owe posing the president's policies because he is black. that that was to put in one interview in one presentation. that's what you think may have happened? it might have happened. implication of what he said really is quite inprogram inflay to say least. it's in line with what liberal commentators have said for some time. every time you criticize barack obama there will be someone out there in the blogosphere or television or radio saying well you just like the fact that a black man is in power. it's ridiculous. if you want to look at intolerance and collin powell knows this wel
of the debt ceiling and they have to not play around with the debt ceiling powell is a sophisticated player. i don't think he does anything without thinking it through quite well. that's why i said what i said i want to make sure we have your allegations on the record. i don't want to put words in your mouth. >> it's a supposition. >> bill: you say that you think that collin powell was asked by someone to go out and defend chuck hagel's nomination. and at the same time, raise the...
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>> reporter: president obama said he would sign a short-term debt ceiling extension to take default off the table. he does not want to sign something that has other conservative add-ons. here's the treasury secretary on the hill this morning on this very issue. >> the president made clear that he thinks dealing with this for a longer period of time would be good for the economy but he did not rule out doing something shorter if that is what congress does. i think we've been very clear what we think the right thing to do is. >> reporter: if there is house republican buy-in on this deal the six-week extension this could move very quickly but sometimes they get behind closed doors and these deals may fall apart. bill. bill: you're very right about that. thank you, mike emanuel on the hill. martha. martha: bret baier joins us, anchor of "special report." it feels like there is movement here. seeps to me though it comes down to a little bit of what your definition is of a clean debt limit increase or whether or not that includes a promise to do some reform in taxes and also entitlements? >>
>> reporter: president obama said he would sign a short-term debt ceiling extension to take default off the table. he does not want to sign something that has other conservative add-ons. here's the treasury secretary on the hill this morning on this very issue. >> the president made clear that he thinks dealing with this for a longer period of time would be good for the economy but he did not rule out doing something shorter if that is what congress does. i think we've been very...
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growth and facing an issue lying the debt ceiling, people are very cautious, they should be. i think this may be a bill d.c. wants to make the person that is on the fencing out and go through the process of buying a home. all i'm suggesting make sure you are prepared and you have the funds in place to do that. >> jamie: understood. thanks so much kyle. >> gregg: chuck hagel is under fire from so many sides as he gets ready for a tough confirmation battle. how much of the criticism is fair? how much is missed? we'll take a closer look with a aaron david miller. >> jamie: we are waiting to hear is lance armstrong prepared to admit to doping. what they are saying about the interviewer with oprah winfrey. >> i try not to let it bother me and keep rolling right on. i know what i know and i know what i did. that is not going to change. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm goi
growth and facing an issue lying the debt ceiling, people are very cautious, they should be. i think this may be a bill d.c. wants to make the person that is on the fencing out and go through the process of buying a home. all i'm suggesting make sure you are prepared and you have the funds in place to do that. >> jamie: understood. thanks so much kyle. >> gregg: chuck hagel is under fire from so many sides as he gets ready for a tough confirmation battle. how much of the criticism...
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Jan 17, 2013
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this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasting consequences, and we didn't even -- we did raise the debt ceiling in the end, but we saw the deficit grow, neil, when there was this threat to -- and so as i said, the coke brothers, the u.s. chamber of commerce, against the debt crisis. >> i always appreciate your coming on. you give as well as you take and i appreciate that. congresswoman jan. >> a warning about the healthcare law. unite health care says its costs are running up. all rise. the judge says your premiums are about to do the exact same thing. so, i guess we shouldn't be surprised. premiums will lik
this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real...
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not just yet. >>> another economic threat the debt ceiling law americas have to figure out how to curve spending and bring in more residents. what's the solution? listen to this? nancy pelosi is saying another round of tax increases is an option. >> do you agree with the republican leading the senate mr. mcconnell who said we are done with the taxing side of it now we have to cons tate on spending? is that done now? the revenue side of it taken care of yet? >> no, it is not. the president had 6 million in revenue he took 1.2 in this revenue we had $620 billion significant high end tax rate to 39.6 percent but that is not enough on the revenue side. we have already agreed to a trillion dollars in spending cuts over a trillion dollars in spending cuts. are you talking about more taxes? >> talking about looking at the tax code putting everything from the table from the standpoint of closing loopholes and know we can do that. subsidies for big oil 38 billion right there. again not to take things in isolation just to say okay, how much more revenue can we get as we go forward? >> mitch mccon
not just yet. >>> another economic threat the debt ceiling law americas have to figure out how to curve spending and bring in more residents. what's the solution? listen to this? nancy pelosi is saying another round of tax increases is an option. >> do you agree with the republican leading the senate mr. mcconnell who said we are done with the taxing side of it now we have to cons tate on spending? is that done now? the revenue side of it taken care of yet? >> no, it is...
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sequestration, the debt ceiling, spenning. he is enjoying his last few minutes here on the plane, taxiing and he will head back to the white house with his family. >> jamie: molly, thank you. >> can washington come up with a plan to raise the debt limit without burying the count country in more debt? we have a former spokesperson for former governor jeb bush. happy new year. justin, the president says there won't be any negotiating t. needs to be raised -- period. what do you think? >> i think it's remarkable. it's as if the election meant that president obama has been elected king. the republicans compromised on a very important principle. they didn't want to raise taxes. president obama wanted to raise taxes, they compromised. now president obama is issuing a no-compromise to the congress, to the american people -- 48% didn't rote for president obama. it's very disrespectful. he should try to bring the republicans together and show leadership and agree if the debt ceiling needs to be raised, the issue has to be addressed. >>
sequestration, the debt ceiling, spenning. he is enjoying his last few minutes here on the plane, taxiing and he will head back to the white house with his family. >> jamie: molly, thank you. >> can washington come up with a plan to raise the debt limit without burying the count country in more debt? we have a former spokesperson for former governor jeb bush. happy new year. justin, the president says there won't be any negotiating t. needs to be raised -- period. what do you think?...